Skip to comments.After poor jobs report, politicians trade blame for sequester
Posted on 04/05/2013 9:35:56 AM PDT by Sub-Driver
By Stephanie Condon / CBS News/ April 5, 2013, 11:48 AM
After poor jobs report, politicians trade blame for sequester
After the Labor Department on Friday released a disappointing jobs report for the month of March, the White House, House Speaker John Boehner and other politicians cited the sequestration for the slow economic growth -- and sparked Democrats and Republicans to revive the debate over whom to blame for the spending cuts.
Friday's jobs report showed just 88,000 jobs were created in March -- far fewer than the 175,000-200,000 expected. The unemployment rate fell to 7.6 percent, but that happened largely because 496,000 people simply stopped looking for jobs. The labor force participation rate now stands at 63.3 percent, the lowest level since May 1979.
White House economic adviser Alan Krueger put some positive spin on the report, arguing in a White House blog post that it "provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression." He noted the economy has added private sector jobs every month for 37 straight months.
Still, he said, "It is important to bear in mind that the March household and payroll surveys are the first monthly surveys to look at employment since the beginning of sequestration. While the recovery was gaining traction before sequestration took effect, these arbitrary and unnecessary cuts to government services will be a headwind in the months to come, and will cut key investments in the Nation's future competitiveness."
Krueger said the administration "continues to urge Congress to replace the sequester with balanced deficit reduction" -- a goal the White House says has been hampered by Republicans.
(Excerpt) Read more at cbsnews.com ...
They think that’s a lot of money. They’ll blow right through it. Tattoos and 22” rims.
Sequestration is a fart in the general direction of the economy compared to the ObamaCare steaming turd pile heaped on top of the economy.
” Boehner is a co-opted dork, who is a stalking horse for statist interests.”
Let's see. Der Leader already got his tax increase. Where's the balance, Kreuger?
The sequester is a joke. It is about nothing. They should be blaming the *&^%$#% tax hikes and Obamacare, but NOOOOOO, let’s not look at the obvious.
bad jobs reports have been happening for 5 years, it ain’t because of See-Quester
‘Lack of government growth is the problem.’
“House Speaker John Boehner and other politicians cited the sequestration for the slow economic growth”
Bad move John. The Sequestration had little to nothing to do with it, and if it did then at least we can say we eliminated jobs on our children’s dime.